Income Tax Increase

ThePantyChrist

Hi,

Just wondering if anyone here can shed any light on this?

I noticed my bank balance for this month looked a bit lower than normal, so I went and checked all of my payslips for the past year only to see that my income tax increased by about 120 last month and again by about 60 this month and I have no idea why (granted I am rather clueless when it comes to this stuff).

I was self-employed up until taking a new job at the end of Feb. 2019, but the business was not profitable for a few months before that.

I got a slight increase in August, so my tax went up a bit then, but the tax I paid from August to November was consistent.

I am also jointly assessed with my wife who earns significantly more than me. She also has all of the credits from when we got married. I'm not sure if that changes anything?

It was a bit of a shock, as I got paid less this month than when I started the job, without the pay increase. It could be something really obvious, but I am just not seeing it.

Cheers.

relax carry on

ThePantyChrist wrote: »

Hi,

Just wondering if anyone here can shed any light on this?

I noticed my bank balance for this month looked a bit lower than normal, so I went and checked all of my payslips for the past year only to see that my income tax increased by about 120 last month and again by about 60 this month and I have no idea why (granted I am rather clueless when it comes to this stuff).

I was self-employed up until taking a new job at the end of Feb. 2019, but the business was not profitable for a few months before that.

I got a slight increase in August, so my tax went up a bit then, but the tax I paid from August to November was consistent.

I am also jointly assessed with my wife who earns significantly more than me. She also has all of the credits from when we got married. I'm not sure if that changes anything?

It was a bit of a shock, as I got paid less this month than when I started the job, without the pay increase. It could be something really obvious, but I am just not seeing it.

Cheers.

There's not enough information in your post to figure it out but you could login to your online account to check how your tax credits and rate band are split for 2020 and how they were split for 2019 by looking at your tax credit certs in your documents section. That will allow to to figure out if the changes to cert were the issue.

marizpan

Are you getting some BIK from your employer? Health insurance?
Could it be an adjustment for taxable social welfare/benefit not declared in an earlier period? LPT adjustment???

As said, impossible to know without more details.

Reati

ThePantyChrist wrote: »

Hi,

Just wondering if anyone here can shed any light on this?

I noticed my bank balance for this month looked a bit lower than normal, so I went and checked all of my payslips for the past year only to see that my income tax increased by about 120 last month and again by about 60 this month and I have no idea why (granted I am rather clueless when it comes to this stuff).

I was self-employed up until taking a new job at the end of Feb. 2019, but the business was not profitable for a few months before that.

I got a slight increase in August, so my tax went up a bit then, but the tax I paid from August to November was consistent.

I am also jointly assessed with my wife who earns significantly more than me. She also has all of the credits from when we got married. I'm not sure if that changes anything?

It was a bit of a shock, as I got paid less this month than when I started the job, without the pay increase. It could be something really obvious, but I am just not seeing it.

Cheers.

You might have been viewed as under paid (not intentional) on your paye and they are balancing it out. Heard of that before. You will see it all in revenue online.

As Relax says you would need to post much more information for a proper response, effectually your full payslips without any identifying info.

From the info available, you probably have unused Credits/COPs from January and February last year. But there may be more at play, given the jump for December. Unless you are weekly/fortnightly and got a Week 53/Fortnightly 27 etc